OSYB Blog: Number Crunch!

News and Views from OutSource Your Books, LLC

Your small business is open and it’s doing well but you need a steady cash flow and could use some extra financing, where do you go? Inc.com shares 5 common sources that you can apply for: Business Credit Card available to startups often uses an applicant’s personal credit scores will even allow income from sources […]

You have received a sales tax audit notice and you already have put into action your pre-audit steps. Here is what Intuit Quickbooks shares as to what to do on receipt of the audit notice: Contact the auditors and schedule an initial audit conference. Make sure that all correspondence is properly documented and that all […]

At some point or another, it is possible that you will be audited by the Internal Revenue Service (IRS) on the collection and remittance of the appropriate sales tax. It may be a good idea to be prepared way in advance and have a good system in place. Intuit QuickBooks shares some pre-audit tips: Make […]

Your employees are one of your most important assets. Hiring and retaining the best employees should be a high priority in your business model. Inc. com shares what some of the smartest leaders do to bring on the best and brightest and keep them on your team. Here are some of the strategies you should […]

Vinay Navani, of Merrill, shares some ideas and questions for you to ask your tax professional and possibly save some money on your taxes this year: Is itemizing still the best way for you? In 2019, standard deduction rose to $24,400 for married couples filing jointly and $12,200 for single filers, while itemized deductions have […]

Overhead costs are expenses and costs that are not directly related to creating products or services but are paid with regularity to keep the business operational regardless of how the business is doing. Here are some examples of overhead costs: rent and utilities repairs and maintenance insurance office supplies accounting taxes salaries for administrative employees […]

We can’t pick our family and we cannot often pick our co-workers, unless you are the boss, but the truth is most of us are not. Inevitably, most offices have at least one or more employees that play the proverbial passive-aggressive game. One of the most common passive aggressive tricks is when your co-worker sends […]

If it feels like there are too many deadlines to meet or you seem to be the only go-to-person in the office and you are beginning to feel more than stretched and stressed out, and to top if off, you also feel under appreciated and not valued – sounds like it’s more than time for […]